This emerged when the company today announced its financial results for the year ended 31 March (FY23).
According to the firm, the number of users of the group’s DStv app and Showmax services continues to grow, as online consumption increases, supported by rising broadband connectivity and more affordable pricing.
The group’s overall online user base increased by 12% year-on-year (YOY), with the growth rate for paying Showmax subscribers at a "strong" 26%.
Showmax Pro, which includes live sport, enjoyed strong growth and doubled its subscriber base in FY23.
In a statement, the video entertainment group says MultiChoice’s partnership with Comcast (owner of NBCUniversal, Sky and Peacock), announced in March, represents a significant step-up for the group’s future over-the-top ambitions.
“The new Showmax business will bring the world’s best local and international content to Africa and will be supported by Peacock’s scalable and feature-rich technology platform,” says MultiChoice.
The transaction successfully closed on 4 April, with MultiChoice Group now owning 70% of the new Showmax group, and NBCUniversal owning the remaining 30%.
New products and launch dates will be announced in due course, with the platform expected to go live in the second half of FY24.
On the product front, the group launched the DStv Streama, a device which allows for the streaming of DStv and other partner applications through a normal television in a connected environment.
To further expand its aggregation strategy, the group says it added Disney+ to its portfolio of products available for customers to add to their bill, while Universal+ increased the overall content offering available to premium subscribers.
During the year, the group also announced its partnership with Sky UK, to bring its Glass products and services to local customers in the coming years.
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